Dad Podcast

For Episode 70, we welcome Scott Kilian, Certified Financial Planner and “Certified Dad”. We discuss a Forbes article that talks about the importance o teaching kids about money. Here are some of the topics we go over:

1. Model Good Behavior – What you say is important but it’s more important about what you do.

5. Bring Your Kids To The Bank With You – Open an account and encourage questions

6. Don’t Use Credit Cards Around Kids – Cash is more visual. The magic card gets you everything you want versus seeing you can buy with what you have in your hand.

7. Give an Allowance – We debate a bit about this one and don’t necessarily agree with the article.

8. Don’t Give Your Kids Loans – Simply don’t spend more than you have

9. Talk about Money Regularly and Casually – Money shouldn’t be scary

10. Don’t Downplay The Importance of Money – don’t pretend it’s not important. Instill from an early age that handling money in a smart and generous way is one of the most important aspects of a successful life.

To get in touch with Scott Kilian directly, you can email him at s.kilian@lpl.com